ConocoPhillips Company News
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Why Canada Is The Next Frontier For Shale Oil
Monday, January 29, 2018 Canada is the first country outside the United States to see large-scale development of shale resources.
Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory
Wednesday, January 10, 2018 New York City sues BP, Chevron, ConocoPhillips, ExxonMobil and Shell claiming they're the world's largest industrial contributors to climate change.
ConocoPhillips Vows Financial Discipline As Aims To Boost Output
Wednesday, November 08, 2017 ConocoPhillips says it will boost output over the rest of the decade but vowed to do so only when it was financially prudent.
ConocoPhillips' Profit Beats Estimates, But Budget Cut 10%
Thursday, October 26, 2017 ConocoPhillips, the largest US independent oil producer, reports a better-than-expected quarterly profit.
Most US Gulf Oil Output Offline Ahead of Tropical Storm Nate
Friday, October 06, 2017 Nate has already pushed nearly three times as much Gulf crude production offline as Hurricane Harvey did in August.
U.S. Gulf Oil Producers Start Evacuating Staff Ahead of Tropical Storm Nate
Thursday, October 05, 2017 Oil and natural gas producers began evacuating staff at U.S. Gulf of Mexico platforms ahead of Tropical Storm Nate, the second storm in as many months to threaten Gulf Coast oil and refining facilities.
For ConocoPhillips, Harvey A Test Of Remote Operations
Thursday, September 07, 2017 ConocoPhillips is still shut out of its global headquarters nearly two weeks after Tropical Storm Harvey slammed into Houston.
ConocoPhillips Says Eagle Ford Shale Output Nears Pre-Harvey Levels
Tuesday, September 05, 2017 ConocoPhillips Says Eagle Ford Shale Output Nears Pre-Harvey Levels
US Drillers Add No Oil Rigs as Harvey Slows Production - Baker Hughes
Friday, September 01, 2017 The total oil rig count for the week ended Friday stayed at 759, General Electric Co's Baker Hughes energy services firm said.
Harvey's Wake Tempers Bullish Outlook for US Oil Output Growth
Friday, September 01, 2017 Oil analysts and some company executives had anticipated that the US could top the 10 million bpd mark by year-end.
ConocoPhillips Looks to Backfill for Darwin LNG
Tuesday, August 22, 2017 Chris Wilson, President Australia West, ConocoPhilips, says Darwin LNG has promising options for backfill and expansion opportunities.
Conoco To Start Dismantling Historical Norwegian Oil Platform
Thursday, August 17, 2017 ConocoPhillips has won permission to prepare for the removal of the first permanent oil platform built off Norway more than 40 years ago, the country's industry regulator says.
ConocoPhillips Trims CAPEX After Posting Quarterly Loss
Thursday, July 27, 2017 ConocoPhillips cut its 2017 capital spending by 4%, the latest US oil and natural gas producer to do so in reaction to depressed crude prices.
ConocoPhillips to Sell Barnett Assets for $305 Million
Thursday, June 29, 2017 ConocoPhillips said it would sell its assets in the Barnett shale field in Texas to Miller Thomson & Partners LLC for about $305 million.
ConocoPhillips To Lay Off 300 In Canada After Cenovus Deal
Thursday, May 04, 2017 ConocoPhillips will lay off 300 Canadian workers, mostly in the country's oil capital of Calgary.
ConocoPhillips Posts Surprise Loss On Higher-Than-Expected Costs
Tuesday, May 02, 2017 ConocoPhillips reports a surprise quarterly loss as operating costs came in higher than Street estimates.
Deal Of The Month: ConocoPhillips Cuts Gas Profile in $3B San Juan Sale
Friday, April 28, 2017 Analysts say anything that makes an asset less gas-focused is ultimately a positive as ConocoPhillips sells off San Juan assets to Hilcorp Energy affiliate.
ConocoPhillips Sells San Juan Basin Assets For $3B
Thursday, April 13, 2017 ConocoPhillips says it would sell natural gas-heavy assets in San Juan basin to privately held Hilcorp Energy for about $3 billion.
Syncrude Outage Limits ConocoPhillips Oil Sands Production
Tuesday, April 04, 2017 A shutdown at the Syncrude oil sands facility in northern Alberta has curbed output from ConocoPhillips' Surmont plant, the US company says.
Deal Of The Month: ConocoPhillips Cashes In With $13.3 Billion Sale
Friday, March 31, 2017 Selling most of its Canadian oil sands assets to Cenovus, ConocoPhillips exceeds divestment target and is positioned to achieve more than $16 billion in asset sales by the end of the year.
Cenovus Drops Most Ever as $13.3 Billion Deal Ramps Up Risks
Thursday, March 30, 2017 Cenovus Energy fell the most since its trading debut more than seven years ago after agreeing to buy Canadian oil assets from ConocoPhillips for C$17.7 billion ($13.3 billion) in a deal that increases its risks at a time of uncertain oil prices.
ConocoPhillips Sells Oil Sands, Gas Assets to Cenovus in C$17.7B Deal
Wednesday, March 29, 2017 Cenovus will double its production and reserves through deal to buy ConocoPhillips' interest in Foster Creek Christina Lake oil sands partnership and its western Canada Deep Basin gas assets.
ConocoPhillips CEO Talks Talent Shortage and Learning in the Downturn
Tuesday, March 07, 2017 ConocoPhillips' CEO Ryan Lance addresses the oil and gas industry's impending talent shortage during Houston's CERAWeek by IHS Markit conference.
Shell Shuns New Oil Sands as Low Crude Prices Force Cost Control
Monday, February 27, 2017 Royal Dutch Shell is unlikely to take on new oil-sands projects as it maintains a grip on costs after crude's crash forced competitors to write down Canadian reserves.
Origin To Take A$1.9B Charge On LNG, Exploration Assets
Wednesday, February 15, 2017 Origin Energy tweaks up its earnings forecast but warns it will book a $1.45 billion charge in its half-year results.
ConocoPhillips Loss Smaller Than Expected On Higher Oil Price
Thursday, February 02, 2017 ConocoPhillips reports a smaller-than-expected quarterly loss, helped by higher crude prices and lower costs.
Australia, East Timor Aim To Agree Maritime Border By Sept
Tuesday, January 24, 2017 Australia and East Timor aim to reach an agreement on a maritime border by the end of September, which would end a decade-old row between the 2 nations that has stalled a $40 billion gas project.
Startup Of Malikai Oil Field To Boost Malaysia's Kimanis Exports
Tuesday, December 13, 2016 Malaysia is expected to start oil production at the end of December at a deepwater field that could lift February export volumes of key grade Kimanis by 25% from January.
US Shale Firms Go Back To Work Buoyed By OPEC Deal, Trump Victory
Monday, November 14, 2016 US shale producers are redeploying cash, rigs and workers, cautiously confident the energy sector has turned a corner after Donald Trump's election victory and OPEC's recent output curb pledge.
ConocoPhillips Aims To Sell Up To $8 Billion In Gas Assets
Thursday, November 10, 2016 ConocoPhillips will sell up to $8 billion in natural gas assets and trim its capital budget by 4% next year to provide funds to bolster operations.
Chevron Starts Production at Alder 40 Years After Discovery
Monday, November 07, 2016 Chevron North Sea Limited starts production at the Alder field in the central North Sea, more than 40 years after it was first discovered.
ConocoPhillips Sees APLNG Hitting Full Tilt In Q2 2017
Friday, October 28, 2016 ConocoPhillips, operator of the Australia Pacific liquefied natural gas (APLNG) plant, said it expects the project to reach its full capacity of 9 million tons a year in the June quarter of 2017.
ConocoPhillips Reports $1B 3Q Loss
Thursday, October 27, 2016 The world's largest independent oil producer reports a $1 billion loss for the third quarter, slightly better than one year ago.
ConocoPhillips Sues Venezuela's PDVSA, Calls Bond Swap 'Fraudulent'
Friday, October 07, 2016 Subsidiaries of ConocoPhillips have sued Venezuelan state oil company PDVSA in a Delaware court, according to a court filing.
MedcoEnergi Acquires ConocoPhillips' Stake in South Natuna Sea Block
Tuesday, September 20, 2016 MedcoEnergi inks agreement to acquire ConocoPhillips' stake in the South Natuna Sea Block B Production Sharing Contract (PSC) offshore Indonesia.
Pertamina's Upstream Arm Produces 15% More Oil, Gas Than Planned
Monday, September 19, 2016 Indonesia's Pertamina foreign upstream arm produces 15% more oil and gas than planned in the January-August period to about 120,600 boepd.
Technology Aiding Innovation, Sustainability at ConocoPhillips
Thursday, August 25, 2016 Technology innovation is one strategy ConocoPhillips is pursuing to create a business sustainable through market cycles.
ConocoPhillips Confirms FAR Holds Pre-Emption Right for Senegal Project
Tuesday, August 23, 2016 ConocoPhillips confirms that Australia's FAR holds a right of pre-emption over the former's sale of its stake in Senegal to Woodside for up to $430 million.
Australia's Gas Paradox: Supply Crunch Looms Despite Rich Reserves
Monday, August 15, 2016 Australia is on track to become the world's biggest liquefied natural gas (LNG) exporter by 2019 yet faces a looming shortage at home as states restrict new drilling onshore and cash-strapped oil and gas companies cut spending.
Woodside Taps into Big Oil Find off Senegal for Growth
Thursday, July 14, 2016 Australia's Woodside Petroleum expands its push into West Africa, agreeing to buy ConocoPhillips' deepwater stakes off Senegal.
Woodside to Buy ConocoPhillips' Senegal Holdings for $350M
Wednesday, July 13, 2016 Woodside Petroleum agrees to buy ConocoPhillips' deepwater stakes off Senegal, including one of the world's most promising recent oil finds, for $350 million.
Shell Sees Malikai Project in Malaysia as Boosting Deepwater Ambitions
Tuesday, June 14, 2016 Shell-operated Malikai deepwater project offshore Malaysia supports the company's aims of staying at the forefront of the global deepwater industry.
ConocoPhillips, ENAP to Explore for Gas in Southern Chile
Monday, June 13, 2016 Chilean state oil company ENAP signs a deal with ConocoPhillips to explore and eventually exploit gas deposits in the nation's remote southern Magallanes region, a source familiar with the agreement confirms.
Oil Investor Zukerman Dodged $45M in Taxes, US Says
Wednesday, May 25, 2016 Morris Zukerman spent 16 years at Morgan Stanley, overseeing its energy and merchant banking practices, before starting his own investment firm in the late 1980s. Along the way, he evaded more than $45 million in taxes, the US now alleges.
Canada's Oil Sands Producers Prepare to Re-Enter Evacuated Sites
Monday, May 23, 2016 All of the Canadian oil sands facilities that workers fled last week as a wildfire spread are being allowed to prepare for restart as cool, humid weather has helped contain the inferno.
Norway Opens Arctic Oil Exploration in Russian Border Area
Wednesday, May 18, 2016 Norway awards licenses to 13 oil companies as it expands into an entirely new part of the Arctic Barents Sea to stimulate exploration at a time of low crude prices.
Conoco CEO Looks at Hedging Options But Says Market Limited
Tuesday, May 10, 2016 ConocoPhillips has looked at using derivatives to lock in oil prices in a volatile market, but Chief Executive Ryan Lance says the company is too big to hedge all of its output.
ConocoPhillips Tables Asset Sales As Rout Worsens Buyer's Market
Friday, April 29, 2016 ConocoPhillips is pulling some of its assets off the market as a prolonged industry downturn makes it harder to get the desired prices.
ConocoPhillips' CEO: Industry Must Plan for Worst Case Scenario
Tuesday, February 23, 2016 ConocoPhillips Chairman and CEO Ryan Lance said the market will recover, but industry shouldn't bet on it happening anytime soon.
Timor-Leste Government, ConocoPhillips Resolve Tax Disputes
Thursday, February 18, 2016 The Timor-Leste government and ConocoPhillips resolve several significant tax disputes related to the Bayu-Undan field in the Joint Petroleum Development Area in the Timor Sea.